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Three Shares That Beat the Market Today

After briefly breaking above 3,200 points in the morning, the Straits Times Index (SGX: ^STI) then slowly moved lower to close at 3,193 points for a 0.2% dip. Just over half of the index’s 30 components – 16 to be exact – had ended the day with losses while 11 others were making some headway.

Let’s have a look at some market beaters.

TalkMed Group (SGX: 5G3) rose 5.1% to S$0.925. The provider of medical oncology and palliative care healthcare services had revealed on Tuesday that it would be setting up a new medical centre named Singapore Cancer Centre (Thu Cuc) in Vietnam.

The new medical centre would be established in partnership with the Vietnam-based company, Thu Cuc International General Hospital. The Singapore Cancer Centre (Thu Cuc) would provide specialist medical oncology services in Hanoi, Vietnam for an initial period of five years, after which there’s an option for another five year extension.

Commodities trader Noble Group (SGX: N21) gained 5% to S$1.255 after announcing today that it would be selling 51% of its stake in its wholly-owned subsidiary Noble Agri Limited while holding on to the other 41%.

China-based agricultural and food products supplier and services provider COFCO Corporation would be purchasing the stake from Noble. According to Noble, COFCO’s know-how in China would provide Noble Agri with access to Chinese consumers in order for Noble Agri to tap into the China-led growth of global trade in agricultural products.

To acquire the 51% stake in Noble Agri, COFCO would be paying 1.15 times the book value of Noble Agri as of 31 Dec 2014. Based on the numbers provided as of 31 Dec 2013, Noble Agri has a book value of US$2.8 billion (around S$3.53 billion). Assuming Noble Agri’s book value remains unchanged at the end of this year, Noble would be able to log an accounting gain of some US$64.8 million for the sale.

Hyflux (SGX: 600) rounds up the trio with its shares up 1.6% to S$1.24. The water management and environmental solutions provider revealed last week that it has set up a 50-50 joint venture with Tolaram Corporate Pte Ltd for a possible development of membrane-based water treatment plants in Nigeria.

It won’t be Hyflux’s first foray into the African continent as it already has experience operating in North Africa. Meanwhile, Tolaram’s based in Singapore and has wide business interests that span food, paper, packaging, textiles, energy, logistics, and real estate. The company’s business activities reside in Singapore, India, Indonesia, Nigeria, Estonia, and Ghana. In particular, Tolaram has dealt with infrastructure development projects in Nigeria in addition to food distribution and logistics services.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore writer Chong Ser Jing doesn’t own shares in any companies mentioned.